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This follows just months after its recent strategic revamp faced a lukewarm response from investors, the newspaper notes.
This year, 6,200 out of 40,000 office employees will be let go, with “considerable further savings” on the payroll anticipated starting in the first quarter of next year. BP had earlier revealed plans for 4,700 job reductions this year. The total number of employees in the company is approximately 100,000 individuals.
“BP is capable of delivering improved outcomes for its investors,” stated the company's CEO Murray Auchincloss, noting that he intends to “carry out a comprehensive evaluation” of BP's activities alongside the new chairman, Albert Manifold, who will assume the role in September.
“We are additionally starting more cost analysis,” he mentioned.
source: ft.com
This year, 6,200 out of 40,000 office employees will be let go, with “considerable further savings” on the payroll anticipated starting in the first quarter of next year. BP had earlier revealed plans for 4,700 job reductions this year. The total number of employees in the company is approximately 100,000 individuals.
“BP is capable of delivering improved outcomes for its investors,” stated the company's CEO Murray Auchincloss, noting that he intends to “carry out a comprehensive evaluation” of BP's activities alongside the new chairman, Albert Manifold, who will assume the role in September.
“We are additionally starting more cost analysis,” he mentioned.
source: ft.com
